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to work for them. >> yup. i was chief technology officer there. i worked very closely with bill and steve and others. and it will always have a part of my heart. and it's still an incredibly strong, strong company. it was some great internal values. but i think it's lost its way in a few dimensions. >> rose: well, you should know why. >> it's hard to know why. i think it's a better try say how. one is there's so many different agendas it's working on. >> rose: nathan myhrvold for the hour. next. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. >> rose: nathan myhrvold is here. he is the c.e.o. and co-founder of intellectual ventures. for many years he was the chief technology officer at microsoft. he was known as one of the most visionary technology and business leaders anywhere. he is also a culinary pioneer. his newest project is "modernist cuisine" in which he explores the science of cooking. he recently published his third book on the subject. it is called "the photography of modernist cuisine!" it's a visual window into his experime
to steve king of iowa. joining me is our panel of "hardball" all-stars. howard fineman. david corn. jonathan and joan walsh. let's get started right now with a look at the far right's hatred of president obama. number three on our listing our countdown goes to u.s. congressman of texas. the tea partier grabbed headlines when he sided with birthers and openly discussed impeaching the president. he's an are a dent supporter of ted cruz 2016 campaign for president. this is a clip from his appearance here on "hardball" in september. it's remarkable. >> obama is president, ted cruz can be president. >> this is serious business. is he eligible to be president? you've been touting the guy. >> i think he's eligible. i'm giving you a yes answer. >> if obama was born overseas even that crazy theory of donald trump is true he still would be eligible to be president by that standard. >> we're talking about ted cruz. >> can't you project an inch mentally. >> i'm telling you president obama is the president. if he's eligible to be president -- >> you brought this up. >> what better way -- yes. >
fund firm started by billionaire steve cohen does not close the door on future criminal prosecution of individuals at that hedge fund. now, sac capital has released this statement saying in part: we take responsibility for the handful of men who pleaded guilty and whose conduct gave rise to sac's liability. quote, the tiny fraction of wrongdoers does not represent the 3,000 honest men and women wolf worked here -- who have worked here during the past 21 years. sac has never encouraged, promoted oral tolerated insider trading. no outside investors. our charlie gasparino has been following the case from the very beginning, he will be here in just a few moments, he's running back from the courthouse to tell us what it all means for founder steve cohen and his future managing money. and maybe even some of the other firms that might be now in the crosshairs. the stunning market rally continues right now. the scorecard, s&p 500 up some 24% year-over-year. right to the floor show. the cme group, the nymex and the new york stock exchange. first, we really should talk about what's going on w
be willing to jettison obama care too? let's talk. here is democratic strategist steve mcmahon. jenkins of the "wall street journal" editorial board. paul howard from the manhattan institute. and joining us shortly, veteran political analyst larry sabato. it's kind of like, i don't know, deja vu all over again. the white house is capitulating. the insurance companies can do it better. this is where we started. why don't we just stay there and let the insurance companies do that? why do we need this gigantic state-run bureaucracy? >> well, the insurance companies selling obama care policies is just a stopgap. they still expect to get the exchange up and running. they're simply trying to make sure it doesn't all go kaput between now and then. secondly, the catastrophic medicare thing was a, bipartisan, b, kind of a small law. it wasn't going to discredit anybody's political career, certainly not president reagan's. so i don't think that the obama people are going to give up the ghost quite as quickly as dan rostenkowski and ronald reagan did. >> okay. maybe. so small is a relative term. l
money. every time he played poker he brought a shoebox full of change. we called him shoebox steve. >>> let's move on to jpmorgan. that was over the sale of mortgage-backed securities covered by jpmorgan and bear stearns in 2005 and 2008. jpmorgan bought bear stearns. it was march of 2008. it predated the heart of the crisis being that it was in march but bear stearns was 2 bucks and ended up being $10. the larger question here is are they moving through all of the various fines, penalties, fees, settlements that they need to, can investors see through to the other side? they have put aside 23 billion for so-called litigation expense. jim, i start to wonder whether the continued -- i wouldn't call it an avalanche but the continued pressure from regulate are to regulators and all of the pressure points that they seem to be applying, one has to wonder whether we'll truly abate and get back to what we call real earnings power for these financial institutions. >> look, if we had normalized earnings and this is not a normal time, then jpmorgan would probably be 6, 7 points higher. all o
am. >> steve gave up his job nine years ago, and finances his search for the monster by selling miniature models of nessie to tourists. what are some of the, kind of, established theories about nessie? >> people will look for all sorts of different things. we're all hunting for whatever the answer is, but some people are looking for giant sturgeon, or giant catfish. one guy is hunting for a time gate, back into the past. he believes the answer is, we're seeing things from way back in the past through this, weird. people have got all sorts of different ideas as to what it is. >> now, have you had any sightings yourself? >> i wouldn't say i've seen anything that is 100 percent, definitely one of these animals. >> hmm mm. >> if i saw one of these animals, possibly i wouldn't even tell anybody. you know, doing what i do, if you're asked 60 times a day, have you seen it yet? doesn't take long to say, no. >> yeah. >> but, if i had a long sighting of it, and 60 times a day i had to describe the same event to 60 different people, i'd probably resort back to saying, no. ♪ there's no pl
dealing with other passengers. this is about getting a ticket, which could work -- work up a sweat. steve rosenburg reports. >> they say, let the train take the strain, but in moscow they have decided to make you strain to get on the train. presenting the world's first squat howard underground ticket machine. two0 squats properly in minutes and this curious invention will you view a ticket. this normally costs 30 rubles. it does not matter how you do them, but there are no extra prizes for showing off. this is the brainchild of the russian olympic committee, the idea is to try to encourage russians to get fit ahead of the next winter olympics. i have to say that this is not as easy as it looks. 2, 1. there we go. i have done that, here is my ticket. thank you very much. i really don't have the energy now to get on that train. -- which just goes to show you have to be fit to ride for free on the russian railways. .bc news, moscow >> l dunn, steve, with those super -- well done, steve, with those supersquats. captivated people for centuries, but floating easy.the earth was not nobody knew w
. [ speaking italian ] lupini. lupini! i'm rick steves, back with more of the best of europe. this time, we're exploring naples. it's a city that's living in the streets today as it has for centuries. bella napoli. it's loveable chaos. naples is italy in the extreme. if you like italy as far south as rome, go further south. it just gets better. if italy's getting a little overwhelming by the time you get down to rome, think twice about going further. italy intensifies as you plunge deeper. and plunging deeper, that's exactly what we're doing this time as we explore naples. [ speaking italian ] we'll go shopping neapolitan style, dodge scooters in naples' crazy traffic, explore the city's vibrant neighborhoods, admire exquisite ancient mosaics, taste pizza in its birthplace. then we climb the lip of a slumbering volcano and wander the amazing ruins of the roman town it destroyed. so many european travel dreams take you to italy. the bay of naples area, about three hours south of rome, is filled with fun and fascination. from naples, we'll climb smoldering mount vesuvius and visit the ruins o
revealed bad news from businesses and consumers. we have a bull/bear debate coming up with steve forbes and brian west bury. and we'll get you updated on today's market selloff. obama care has nothing to do with free market capitalism. we'll be right back. when we made our commitment to the gulf, bp had two big goals: help the gulf recover and learn from what happened so we could be a better, safer energy company. i can tell you - safety is at the heart of everything we do. we've added cutting-edge technology, like a new deepwater well cap and a state-of-the-art monitoring center, where experts watch over all drilling activity twenty-four-seven. and we're sharing what we've learned, so we can all produce energy more safely. our commitment has never been stronger. >>> all eyes on the economy ahead of tomorrow's important jobs report. today we saw third quarter gdp growth came in at 2.8%. sounds good. but i think it's masking a lot of issues in there. take a look at consumer spending, only up 1.5%. and also business equipment spending, or investment, that's the the heart of it and creates
, steve king of iowa. joining me is our panel of "hardball" all-stars. howard fineman of the huffington post. david corn. jonathan capehart of the washington post, and joan walsh of salon. let's look at the far right's hatred of president obama. number three on our list in our countdown, u.s. congressman blake fairentold of texas, he sided with a group of birthers in a town hall early this summer, and openly discussed impeaching the president. he is also an ardent supporter of ted cruz, 2016 campaign for president. and this is a clip now from his appearance here on "hardball" in september. it's remarkable. >> obama's president. ted cruz can be president. >> what do you mean? this is serious business, congressman. >> absolutely. >>. >> you've been doubting the guy, said he could run for president. explain. is he eligible. you brought it up. i didn't. >> i think he's eligible. i'm giving you a yes answer. >> so if obama was born overseas to an american mother, even if that crazy theory of donald trump is true, he would still be eligible to be president, by that standard. >> we're talking
shutdown were likely tempered in the fourth quarter. steve liesman has more. >>> economic growth was hotter in the third quarter than investor expected but that could be cold comfort in the months ahead. the government gross domestic product rose 2.8% well ahead of the 2% consensus and the best quarterly number in a year. the data accounts for growth before the government shutdown and the controversial debt ceiling debate that many economist believe weaken growth in the current quarter. still, better to have more men tum than less. housing surged ahead by 14.6%, durable purchases by consumers up nearly 8% and exports up 4.5% and invenn tomorrowries, there was a big inventory, $86 billion. business equipment purchases fell and federal government fell by 1.7%. it's the strong growth in inventories with concerns about the shut down that makes economists concerned about the current quarters' growth. if they put too much on the shelf last quarter, they will spend this quarter working it off. it's seen at 1.6%, one shot in the arm for global growth could be from europe. it cutted lending rate wit
will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did seem to get choked up when talking about his friend, steve ballmer. >> we've got a commitment to make sure the next ceo is the right person for the right time for the company we both love. and we share a commitment that microsoft will succeed as a company that makes the world a better place. >> top picks to replace ballmer mentioned, ford ceo allen mulally and former nokia ceo elop, as well as kevin turner, coo and nadella of cloud and shared enterprise. microsoft made a point of emphasizing their cloud products. whoever replace ballmer and strategis, the new ceo will face new challenges as microsoft reposi
morning. >> good morning. >> steve rapner with is us. by goodness, i thought you were cooking. >> i'm going right to the stove. >> or do have you legions of people cooking for you? >> down, mika. >> any of you boys cooking? >> i'm making a dish. >> i might toast an english muffin, by specialty. >> i might make a bowl of cereal. >> come on, guys. what about you? >> my friend's husband john campbell is going to put my turkey in a thing in the yard. >> a deep fryer. >> i don't think i want that. but they've talked me into it. i had to buy a special size and i'm fearing someone is going to get hurt. >> he's trolling mika. >> is that very bad for you? >> it macs the turkey come alive. >> in peanut oil. >> why don't you eat some fourteench fries in. >> i have been talked into it. i have to bring the turkey over at 1:00. he's going to take care of it and give it back to me. >> it will taste good. >> it will? ion if my parents will like that. that's what's happening. none of are you cooking. are any of you shopping on friday? i don't understand this black friday thing. all right. i would su
signatures supporting the move. league lawyers say critics of the nonprofit status are "misguided" steve job's legacy is "parked" in history. the garage where he and steve wozniak started apple has been named an historic site. the silicon valley structure built in 19-62 is where steve jobs grew up. it's owned by the jobs trust. the "jobs" garage is only 10 miles from the gargage where hewlett- packard got its start. it was granted landmark status in 2007. india launches an unmanned mission to mars today. the $73.5 million project is the nation's first interplanetary probe. if successful, the orbiter will reach mars in september of 2014. still to come... from humble beginnings to a sought after stock.... we track one of the fashion world's most sucessful ipos. plus...would you buy twitter stock on day one? you might want to hear our upcoming report before deciding.... and straight ahead...if you thought the housing crisis was over....think again. we'll be right back. ♪ ♪ ♪ ♪ ♪ the housing crisis is far from over for some americans.. joining us now-- to take about the collateral dam
. >>> that thanksgiving din hner could be a lot more expensive next year. steve goes in depth tonight. >> you may need to bring extra cash to the grocery store to buy milk selling as high as $8 a gallon. there's no farm bill. there's supposed to be new authorization every five years. right now it's a year overdue. if there's no bill by this year's end, the 1948 agricultural law would kick in and force the dairy farmers to pay exorbitant prices for milk. it would create a shortage for everyone and drive prices sky high. that bill is stalled over whether to pay subs cities to farmers to protect against possible crop failure horse help with crop insurance to pay out only when there's actually a failure. the other big sticking point is the $80 billion a year supplemental nutrition program. the s.n.a.p. used to be called food stamps. recipients since president barack obama took office. democrats in the senate bill could cut $4.5 billion. >> the bottom line here is i'm willing to negotiate and compromise as long as we have a farm bill that doesn't make hunger worse in america. i don't think you can get a bi
is that possible? we're going to tell you what we know. >> please don't ask me that, steve. i don't know. want to know why president bush wasn't scared about getting a heart procedure? >> i wasn't that scared. >> you had obamacare? >> yeah. >> we'll have more for president bush. "fox & friends" starts right now. ♪ ♪ >> it's "fox & friends." >> listen, the reason we've got a jack hammer in the background because as it turns out we found out yesterday on capitol hill that the obamacare website not done. something like, what, 30, 40, 50% still under construction. >> a work in progress. is it a building? no. it's just your health care. this is actually terrible news actually. as funny as that beginning was, it's no joke. yesterday few exchanges went down during the hearings and henry chao, the chief information operating officer here spear heading it all, going into the tech being put on the site, supposedly he then is explaining that the site is still under construction. and the exchange occurred between representative corey gardener and henry chao yesterday. listen to. >> never talked about
an impact on employment and how many hours workers are getting. steve liesman with the story. >> thanks. this poll conducted by public opinion strategists, which does the polling for cnbc the republican half of our polling team, did this poll on behalf of the international franchise association and the u.s. chamber of commerce. find a very negative impact right now on businesses and employment from the affordable care act. let's take a look at the graphics. 64% of franchise and 53% of nonfranchise are saying the aca is having an impact on their business. you might expect that but now let's take a look at what they're saying about specifically how. they say because of aca, 30% of franchise owners have replaced full with part time about 15% have seen reduced staff and more than 30% have reduced worker hours. this has potentially huge neck negative impact on employment. one other piece of data. asked if they would stay below 50 workers. 59 % of franchise owners and 52% of nonfranchise owners. there's a lot of debate about this. unclear whether or not it shows up in th
a listen. >> steve it's great setting things up. those guidelines are for the control room. >> joe is right. after having been a print recorder 30 years, i lean on the written word. >> it's getting it organized. >> i have no time for organized thoughts. >> that we know. >> let's welcome our guest hoist bill george. he's currently at harvard business school. bill, we're so glad you're here. so many things to talk about. let's start off you by what steve was discussing. what's happened with the fed? what do you think will happen? >> i'm a fan of bernanke. in my opinion he saved us in '08. we have no fiscal policy in this country. he's trying to off set the monetary policy. he's gone as far as he can go. we've got to pull out of this. i think they'll keep interest rates low. >> you say you're a fan. are you a fan of what's happening now? >> we have an imbalanced economy. we're hanging on for dear life trying to get the unemployment down. i think there's too much money in the economy. it's eventual got to come out. they're not going to do hit with unemployment rates. >> are they paying too much
york city moving to the far left. let's talk to democratic strategist, steve mcman. robert costa. i want to go to you. i want to pin de blasio on you. this is the guy who's going to be the next mayor of new york. this guy is so far to the left. he is way to your left. this guy is fighting ray kelly and the new york police department successful crime attemp attempts. he wants to tax himself. he'd rather risk people moving out of the state. today they say he wants to appoint randy weingarten to run the board of education. why are the democrats trying to destroy new york city. >> good evening, larry. how are you? >> i'm good. nkts you know, bill de blasio is an unrepen tent, unapologetic democrat. it won't surprise everyone what he's going to do. the real question is what happened to new york city that so many people turned away from the policies of mike bloomberg and have turned so robustly toward the policies of bill de blasio. he's going to win it. the margin is a little surprising to me. good for you, bill. >> i'm not so sure. maybe it's bloomberg. my pal joe lhota didn't run a goo
he is back. our year long investigation took al jazeera team from africa to asia. this is steve exclusive report. home to some of the most rare creatures. madagascar has long been a valued souther country, for the lizard king. and so is in the capitol we start to infill strait his network. particular owe is the first to mention the men were after. >> okay, okay. >> how do you know him. >> i introduce him to someone. he is the lizard king's name, caught twice for trafficking in the the the world's most dangerous species. he served eight years in u.s. and malaysian jails. he was released last year. informant whose work with him, say it hasn't taken long to resume charge of his smuggling network. >> you are sure he is still smuggling despite the fact that he has served time in jail in the u.s.? >> yes, i am very sure about it. people confirmed to us that the infamous tradeser still at it. >> still doing it now? >> yeah. >> yes. >> we needed to prove it ourselves. for that we head to the rural property, in his hometown. >> 2010, when law enforcement officers busted into this place.
of numbers. >> holy cow, a busy one. >> we could have a settlement between the government and steve cohaan's capital. that story is coming up. >> are more people trading in their old tablets? we will talk to the ceo of gazelle. >>> back with "squawk on the street" live from post 9 in just a moment. nes investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-280-0149 now. optionsxpress by charles schwab. a
to receive the hershal award. >>> when steve martin accepted his honary oscar fans got to see a differentside. >> myife who is as beautiful as she i smart, yea! knew i wasn't goingo make it through thi speech i read it t my dog this morning and we. >>> lady gaga her newest album, art pop, h first time hosting "saturday ght live" was a hit. it broug the strongest ring since justin timberlake hosted in march. here are some othe highlights on "snl." >> show the world what you created, baby. i made this. it's a macaroni necklace. >> y'all hear that? she just changed the ge. >> again, i am sorry for how i have been acng. is not indicativ of my position ofayor in this great town o toronto. >> man, i got what you aed for. >> not her let's do it underhe desk. >> this here i grade a premium. >> don't say what it is. >> i got your stuff rig here. >> whoa! th's a lot of ack! >> that was just one of three dierent they had. >>ho is playing on the left? >> she was sitting there stoic. >> hilarious stuff. >>> i richard lui. this is "earlyoday." we hope this is just your first stop of thday on nbc. >>leading
steves, back with more of the best of europe. this time, we're in north wales, splitting slate, exploring castles, and steaming up mountains. thanks for joining us. wales' top historical, natural, and cultural wonders are found here in the north. from towering mount snowdon to evocative castles to sweeping victorian promenades -- it's a poem written in landscape. i think this area has as much sightseeing diversity and interest as any place in britain. we'll mountain climb on a steam train, learn some welsh... [ speaks welsh ] follow a miner deep into a slate mine, shherd sheep, get passionate about castles, and immerse ourselves in britain's top scenic wonders. the british isles consist of england and three celtic lands. our target this time is north wales, where we'll visit a beach resort, two castle towns, a slate mine, and a national park with wales' tallest peak. we finish just over the border in the english city of liverpool. we start in the town of llandudno, a genteel victorian beach resort. it was built after the advent of the railways, which made the welsh sea coast easily access
sales apparently unaffected. >> gasoline, steve liesman said not spending as much on gasoline, we're biography sweaters. it's true. if you looked at it empirically, it's apparel, a little more money in the pocket, not going to walmart, stepping up a little bui bit higher. >> down here at the big board, nuskin enterprises and over at the nasdaq, advanced energy. >> and nuskin, you do personal care and you push it, this is the opposite of avon in terms of performance. people betting against nu skin have not been rewarded. >> jcpenney a winner out of the gate, up more than 9%. your story, you'd rather by pvh. >> i'm not about surviving. i'm about making money. >> about thriving. don't survive, thrive! >> if they're doing well, what is terry lundgren doing at macy's? just putting points on the board. pvh is going to go much higher. i think the calvin klein deal is going to pay off dividends. >> lowe's, second biggest loser. >> disappoint ing. >> and smuckers, after kelloggs and campbell's soup, something's going on in food. >> campbell's soup, they talked about how disappointed they w
. this is awesome. weta. washington dc. pilot productions. american public television. aptonline.org. steves: the galata bridge spans the easy-to-defend inlet called the golden horn in the very heart of istanbul. a stroll across the bridge offers panoramic views of istanbul's old town, a chance to see how the fishermen are doing... and plenty of options for a drink or meal with a view. for fast food, istanbul-style, we're grabbing a fishwich, fresh from the guys who caught it, at one of the venerable and very tipsy fish-and-bread boats. oh, man. [ speaking turkish ] [ speaking turkish ] this is istanbul fast food, huh? now, this is what kind of fish? fresh mackerel. steves: from near the galata bridge, it's easy to hop a tour boat for a relaxing sail up the bosphorus and a chance to see the city from the water, with europe on one side and asia on the other. you'll pass massive cruise ships which pour thousands of tourists into the city for a frantic day of sightseeing and shopping. the boat passes homes of wealthy locals who can afford some of the priciest real estate in turkey -- bosphorus
on the internet so o one. state tv sports commentator lost his wife. steve all is going to take time for a wife to get back to normal here in ca but you get the school for four new one it was suggested nothing can summon the play went there when the priest on oh two led me to second the policy tunnel bolton landing requested the second attempt when the jet commented to the ground passengers who traveled on the same plane because i'm mostly just a few hours the earliest but this was that the lemon was also made high winds it was also frightening. the spider in sepia. i don't mind if life itself went quite smoothly then just before the landing declan started translating fiercely. the plaintiffs seeking comment from side to side. lincoln our first attempt that it was a really bad landing and it felt like the queen was going to roll off the runway. to many christians still to be honest unless but to civil aviation consultant mile of ice to stop this hat mistake. he is to fly the same type of plan involved in the cars and does us to become a gazelle is a combination of factors beyond any . there was
. steve. again the sixties china eu summit is concerned away here in beijing on the many scenes under discussion include financial investment human rights and advertising to the summit comes as the two sides set to break the patterns and history of that comprehensive strategic partnership and chinese president indian team x with the president of the european cultural and then byron coley and the president of the european commission the hennessy process ahead to the summit committee could tell they are chapters on this list european bees as it has become an important dialogue mechanism between the two sides and this is macy is the last one says the new leadership to call phased out and say these is real summarized by the time in the constant center of town relations and that the next decade. like chinese of vice foreign minister song contest at cctv in the china eu summit. we are trying their road map which i need your cooperation in the coming decades. and so says delegates will attempt to resolve a number of ongoing trade disputes and that the partnership is expected to be raced to a
be able to manage money belonging to steve cohn, the founder, certain employees and his family members. >> hey, kate, couple questions this morning. one is this doesn't resolve any potential criminal liability for steve cohn, the man himself, is that true? >> well, let me give you a dual answer to that. i mean, i guess it doesn't, although i think if they had the material for a criminal individual case against cohen, they probably would have brought it at this point. now they continue to try current and former traders. in two weeks from now we'll see the trial of michael steinberg and i assume the fbi continues to try to turn witnesses against him. so i think you can't rule that out in the future, but i would probably not expect it at this point. >> the only reason i ask is because if you remember and you remember so well given -- now we're talking about a $1.8 billion settlement, 600 was already from a prior settlement, some people meant the whole thing was over. here we are they would argue we're sort of double dipping. it seems to me they're taking a second bite at the apple, why no
how tough. >> i know. >> we have news to get to, joe. >> i said mannix yesterday. it's more steve lord. >> how do you describe the angle of pi head? >> contorted and your hair is parted down the middle. >> looks like a young raymond burr. >> he does. >> today is election day. we have important elections here. >> decision day in two states. voters selecting their next governor. both races could set the tone for the 2014 midterms and the 2016 presidential race. we'll start in virginia where the latest quinnipiac poll shows terry mcauliffe ahead of ken cuccinelli by six points. last month it was 12. cuccinelli said he's optimistic about pulling off the upset. senator marco rubio helped him deliver a final pitch putting the focus squarely on banl. >> i know tomorrow night the people of virginia will send a clear message to our country and the democratic party. >> absolutely. >> yeah! >> we don't want obama care. >> nope. >> we don't want more big government. >> no! >> i'm scared to death of what obama care is doing to virgin n virginians. terry mcauliffe is scared of what it's doing to hi
on crime and cyber issues. leonard received a jd from yale law school and a ba from yale law school. steve chabinsky is senior vice president of legal affairs, general counsel and chief risk officer of the internet technology firm crowdstrike. is also an adjunct faculty member at george washington university, and the cyber columnist for security magazine. prior to joining crowdstrike, steve was at the fbi for 17 years, culminating in his service as deputy assistant director in the fbi's cyber division. prior to that he organized and led the fbi's cyber intelligence program. he's also served in the office of director of national intelligence. he's a graduate of duke university and duke law school. laura donohue is a professor of law at georgetown law, and director of georgetown center of national sigir and the law. she writes on national security and counterterrorism law and the united states and the united kingdom, including on emerging technologies. professor donohue has held fellowships at stanford law school center for constitutional law, stanford university center for international sec
mentioned he's the author of the best-selling book steve jobs. and walter, we are dying to hear your thoughts on obama care. we've been talking about this a lot this morning. trying to figure out where we are in the situation. you're a big thinker. where do you think things stand at this point? >> well, i love the conversation between joe and governor markell. because in some ways both are right. this is an absolute disaster when it comes to showing can government do something big? we watch airlines merge and private industries and they're trying to get reservation systems right and takes three or four months of a bad flying summer. this one was difficult. but i do think and i know you'll push back on me that it is a problem the way things were before. two things, the fee for service which y'all talked about but also kids in their 20s. kids my daughter's age, they want to join start-ups, they want to be independent. employee, you know, health care is really something we have to get away from. people need to be able to go on to market and buy insurance. well, is this the best way to d
shareholder meeting in a little more than an hour or now, as steve ballmer gets ready to exit the tech giant. talked a lot about ballmer yesterday in that interview with the "journal." >> that was the topic of much conversation out west. drew halston from drop box talking openly about the idea that steve stood in the way of progress, marc benioff saying how he recognized the impediment to microsoft is himself. a lot of soul searcher out there. >> some other soul searching going on among ceos of fortune 50 companies, they looked at what happened with mr. ballmer where he expressed a bit of ambivalence about staying in this job to his lead director and they were like great, thanks. >> wow. >> and i've been hearing that those kind of ceos or any ceos, whether it's activists or just in general sort of wondering whether their board is going to turn on them are definitely seeking advice on how to prevent that from happening. >> this is a revolution. boards are supposed to be rubber stampers. >> not anymore. not as much. you still see some but there has been a change. >> abercrombie's board? >> you
reinstitute that in the united states is nuts, but that's just my view. i want to bring in steve conover. you've got pretty impressive numbers here, and 129 million people according to your plans, according to your calculations. 129 million people either lose their insurance or have to get much higher premium insurance. is that true? how'd you get there? >> well, that is true. spinners like david axelrod have been claiming that this problem will only affect 5% of americans. the people that are getting nongroup coverage. that's not true. that's absolutely false. this problem of losing coverage is going to affect employer -- people with employer-based plans as well. now, out of that 129 million, only 18 to 50 million actually will lose their plan and have to start from scratch. but the rest will be ending up buying more expensive coverage because they have to pay for it. >> those are big numbers, chris. the top of the ranges are huge potential numbers. and then your second point, which is coming out this memo that nbc got, the obama administration now realizes premium increases may be just as d
exchange today. we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks have rallying. look at tesla, i realize there's fires going on there but secondary stocks have had huge rallies. i think what you're going to start to see as fundamentals, granted, on the slow basis, start to improve you'll see core stocks continue to pick up momentum. >> maria? >> neil hennessey, what about momentum? they have been driving the day all this year and then when they started to roll over the last couple of weeks. would you put new money in the market now and where are the groups that lead, if in fact we were to see the rally continue? >> if you're not in the market at all, you should be committ
been prevented? steve osunsami is outside of tampa this morning. steve, good morning. >> reporter: good morning, dan. they're already at work here in the rain, tearing down that second home that nearly fell into that sinkhole. families here who have been struggling with this sinkhole issue for years are beyond frustrated. authorities here, carefully tearing down two of the homes that were nearly swallowed by the sinkhole outside tampa. they are filling the hole with sand. and nearly 60 feet deep, it could take days. >> of course, i'm upset. i mean, that's our house. >> reporter: the dupre family is beyond frustrated. they first saw the cracks and heard the creeks in 2011. the insurance company agreed they had a sinkhole. but disagreed on how it should be fixed. the family lost in court. and the work had just started this week, too late to save the home. >> the stress of dealing with it every day. and the stress of having to deal with fighting the insurance company to do the right thing. >> reporter: just a few miles up the highway, the ferraros have a sinkhole growing underneath them. a
a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> a huge eruption, that's italys's mount etna
high could this market know? should we be getting in now? steve grasso and jonathan corpina. steve, what happened at the end of the day? walk us through how this market has been just -- >> everyone's been buying into this market, of course. waiting for that pullback to happen. when that happens, you get the shorts that are just waiting, waiting, waiting to cover. and then as they start to creep up to those round numbers, they do cover. that's the last leg of it. so right now i feel like year end, as bob said, seasonally bullish. i don't know right here. i feel like we're due for a pullback like everybody else. the problem is december 13th you get those budget hearings. that could be a catalyst. that could be a tail wind for the market to go higher. we're running out of daylight before year end for that selloff. >> jonathan, you both have seen, you know, ups and downs in this market. how does it feel to you in terms of the health of this market and, of course, the sustainability of this rally? >> right. the higher this market goes, we keep having these conversations of when is the p
it wants to go higher. microsoft posted a significant markdown, and ceo steve balmer is retiring. that move wouldn't be happening at all and it's another case of a gigantic buyback just like merck and mcdonald's. how about walmart? recall, it turns out to be a fantastic buying opportunity and you're up a couple of bucks if you bought it with last week's weakness. i don't even care. what matters is that the stock is higher after a panned quarter. no one like the visa quarter, either except the buyers who had the incredibly well-run secular winner of the company that is still rung with the revolution. the six-point decline was a terrific entry point as visa now is only two points below where it reported and i sense they'll take that price out, too. chevron missed and quickly dropped three points in what looked to be less healthy paradoxing growth and not as exxon and not so hot refining margins and the stock is nicely above where they were, we have to be thank of the for the pullback. remember the woe is me goldman sachs quarter? the stock's now up 12 points from the 158 level that used the d
152 points. steve, good morning. >> it was one of those head scratching days. was it down because of earnings or because we have come so far or gdp figures were better than some expected which means we are likely to get it earlier rather than later. is it being pumped in by the feds? twitter, how do you deal with a sunt like twitter? 73% increase on the debut. up to $44, the valuation now is an eye watering $31 billion. they have 8% the revenues of facebook. elsewhere, credit rating went to aa. high unemployment is hurting the country's ability to make meaningful reforms on tax and structure issues. >> we talk about twit eanother darling stock. they are having more problems with tesla. >> yeah, the third fire in one of these tesla new sedans. the model s. the shares came off 7.5% yesterday. they came off 14%. people are nervous about this one because it's come so far. take a look at where it was trading one year ago. it was trading just under 30 bucks. stock is now trading, even with the force of the last two days at $139. it is up, year to date, 313%. >> depends on where you boug
states well-known port trees center. recent luminaries have included david meltzer, steve dixon, and jack hirsch man. >> you can black as out of the press, blog and arrest us, tear gas, mace, and shoot us, as we know very well, you will, but this time we're not turning back. we know you are finished. desperate, near the end. hysterical in your flabbergastlyness. amen. >> after the readings, the crowd headed to a reception upstairs by wandering through the other gallery rooms in the historic home. the third floor is not usually reserved for just parties, however. it is the stage for live performances. ♪ under the guidance of musical curators, these three, meridian has maintained a strong commitment to new music, compositions that are innovative, experimental, and sometimes challenging. sound art is an artistic and event that usually receives short shrift from most galleries because san francisco is musicians have responded by showing strong support for the programming. ♪ looking into meridian's future, she says she wants to keep doing the same thing that she has been doing since 1989.
. steve forbes here to make sense of all of this. chairman of forbes media. ready to weigh in. do these numbers surprise you, steve, at all? >> no. even those numbers are slightly exaggerated. the reports that it is the equivalent if you put your policy in effect in the card but you haven't bought it, they're counting it as a sale and the private sector cannot do that. so even those numbers are exaggerated and that is why the administration is going to have a big push to expand medicare as a way of getting around the exchange snafu. connell: no way they're getting toward the 7 million this spring. >> they're going to have to do something. the way they're going to do it is medicare. those that have not signed up for expanding medicare are being inhumane by not doing it, so they will try to turn a political advantage for disaster. dagen: you mean medicaid. medicaid expansion. a lot of this is people buying insurance, steve. to what extent do you believe the irs will go out there and police people who are not buying it? if they are not going to buy it for whatever reason, screw ups i
to solve this problem the sultan as a mine steve instructions to find the solutions to this problem on the campaign he didn't go with it and within the republican on the prime minister gave an instruction to solve this problem. we reserve the funds in the budget for two thousand fourteen since two thousand fourteen will start eliminating the swells which was awful with the forty most dangerous wells will be eliminated in the first page the representatives of the responsible authority should all and animals most comics there will be completely eliminated in the next few years the awarding ceremony of the best religious studies scholars of context and was held at the third form of religious scholars to produce even spoke about the importance of the spiritual and religious education in regional talent in the secular state. i began to speak and i conducted a survey among the students in all of them said they need to study religion in schools the respondents noted that all religions should be equally talk to develop ctrl it or see a religious understanding. religious scholars representat
.yesterday, ceo steve ballmer gave his final remarks to shareholders before he leaves the positions. his comments moved chairman bill gates to tears. united continental has its sights set on saving. united is cutting back in an effort to save 2 billion dollars. the airline will re-route flights from asia to europe, to burn less fuel, and overhaul its website. there are no plans to reduce the workforce. united stock popped nearly 4%. on the news. a meeting on capitol hill proved beneficial to bitcoin investors. the virtual currency hit a new record high of 700 dollars in trading this week. after officials in a hearing on capitol hill backed bitcoin, testifying no new regulators will be needed to oversee it. some skeptics are wary the internet commerce is too complex. however lawmakers focused on "pros" of the system in yesterday's hearing. "some proponents -- now proponents believe that digital currencies can prove valuable to those in developing countries without access to stable financial systems. others believe it could prove to be the next generation payment system for retailers both online
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